Various types of asset allocation can be like Strategic and Tactical Allocation

Again Age based and Risk appetite allocation are also types of allocation.

Eg. Age is 35 yrs, then 100-35=65, then 65% should be in equity and 35% in Debt

Eg. Conservative, Income, Balanced, Growth, Aggressive.

Traditionally the only way of saving is to keep the amount in SB a/c, BUT that will loose the value of money because of steady inflation.

Any investment in any class will depend on 3 things, Risk, Return and Time.